Intelgenx Technologs Current Valuation vs. Debt To Equity
| IGXT Stock | USD 0.17 0.00 0.00% |
For Intelgenx Technologs profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Intelgenx Technologs to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Intelgenx Technologs utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Intelgenx Technologs's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Intelgenx Technologs over time as well as its relative position and ranking within its peers.
Intelgenx |
Intelgenx Technologs Debt To Equity vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Intelgenx Technologs's current stock value. Our valuation model uses many indicators to compare Intelgenx Technologs value to that of its competitors to determine the firm's financial worth. Intelgenx Technologs is rated below average in current valuation category among its peers. It is currently regarded as number one stock in debt to equity category among its peers . The ratio of Current Valuation to Debt To Equity for Intelgenx Technologs is about 4,821,762 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Intelgenx Technologs' earnings, one of the primary drivers of an investment's value.Intelgenx Current Valuation vs. Competition
Intelgenx Technologs is rated below average in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Health Care industry is currently estimated at about 1.13 Billion. Intelgenx Technologs holds roughly 30.97 Million in current valuation claiming about 2.75% of equities under Health Care industry.
Intelgenx Debt To Equity vs. Current Valuation
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Intelgenx Technologs |
| = | 30.97 M |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Debt to Equity is calculated by dividing the Total Debt of a company by its Equity. If the debt exceeds equity of a company, then the creditors have more stakes in a firm than the stockholders. In other words, Debt to Equity ratio provides analysts with insights about composition of both equity and debt, and its influence on the valuation of the company.
Intelgenx Technologs |
| = | 6.42 % |
High Debt to Equity ratio typically indicates that a firm has been borrowing aggressively to finance its growth and as a result may experience a burden of additional interest expense. This may reduce earnings or future growth. On the other hand a small D/E ratio may indicate that a company is not taking enough advantage from financial leverage. Debt to Equity ratio measures how the company is leveraging borrowing against the capital invested by the owners.
Intelgenx Debt To Equity Comparison
Intelgenx Technologs is currently under evaluation in debt to equity category among its peers.
Intelgenx Technologs Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Intelgenx Technologs, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Intelgenx Technologs will eventually generate negative long term returns. The profitability progress is the general direction of Intelgenx Technologs' change in net profit over the period of time. It can combine multiple indicators of Intelgenx Technologs, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
IntelGenx Technologies Corp., a drug delivery company, focuses on the development and manufacturing of novel oral thin film products for the pharmaceutical market. IntelGenx Technologies Corp. was founded in 2003 and is headquartered in Montreal, Canada. Intelgenx Technologs operates under Biotechnology classification in the United States and is traded on OTC Exchange.
Intelgenx Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Intelgenx Technologs. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Intelgenx Technologs position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Intelgenx Technologs' important profitability drivers and their relationship over time.
Use Intelgenx Technologs in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Intelgenx Technologs position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Intelgenx Technologs will appreciate offsetting losses from the drop in the long position's value.Intelgenx Technologs Pair Trading
Intelgenx Technologs Pair Trading Analysis
The ability to find closely correlated positions to Intelgenx Technologs could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Intelgenx Technologs when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Intelgenx Technologs - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Intelgenx Technologs to buy it.
The correlation of Intelgenx Technologs is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Intelgenx Technologs moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Intelgenx Technologs moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Intelgenx Technologs can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Intelgenx Technologs position
In addition to having Intelgenx Technologs in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Raw Materials Theme or any other thematic opportunities.
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Additional Tools for Intelgenx Pink Sheet Analysis
When running Intelgenx Technologs' price analysis, check to measure Intelgenx Technologs' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Intelgenx Technologs is operating at the current time. Most of Intelgenx Technologs' value examination focuses on studying past and present price action to predict the probability of Intelgenx Technologs' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Intelgenx Technologs' price. Additionally, you may evaluate how the addition of Intelgenx Technologs to your portfolios can decrease your overall portfolio volatility.